CAclubindia News

Major GST Refund Scam Exposed: Rs 42 Crores Under Investigation

14 October 2023 at 08:40

In a significant breakthrough, the Commercial Taxes Department has uncovered a massive GST refund scam, exceeding ₹42 crores, sending shockwaves through the financial sector.

Posted in GST | 7017 Views

Clarification of GST Applicability on Gangajal Amidst Media Reports

13 October 2023 at 08:49

In a recent development, the Central Board of Indirect Taxes and Customs (CBIC) has issued a crucial clarification regarding the applicability of Goods and Services Tax (GST) on Gangajal, the holy water from the Ganges.

Posted in GST | 5172 Views

Income Tax Department Conducts Search and Seizure Operation In J&K

13 October 2023 at 08:47

Income Tax Department conducted a search and seizure operation in the Kashmir Valley on a prominent business group, engaged in various sectors namely, Cement, Steel, Glass, Plywood, Real Estate, Tourism, Textiles and Healthcare, etc.

Posted in Income Tax | 2295 Views

GSTN: Facility of enrolment for supply of goods through e-commerce operators by GST unregistered suppliers

13 October 2023 at 08:45

In terms of the recent amendments to the Act and the rules and notification number 34/2023 dated 31.07.2023, persons supplying goods through e-commerce operators shall be exempt from mandatory registration under the CGST Act

Posted in GST | 8853 Views

GSTN: Facility for e-commerce operators through whom unregistered suppliers of goods can supply goods

13 October 2023 at 08:44

GSTN has also provided APIs for ECOs (through whom unregistered persons can supply goods) to integrate with GSTN to obtain the details and facilitate the unregistered suppliers.

Posted in GST | 25890 Views

GST Raids Unearth Rs 8.1 Crore Evasion Across 52 Locations

12 October 2023 at 09:02

In a major operation to curb Goods and Services Tax (GST) evasion, officials carried out extensive raids at 52 locations spanning seven districts within the state.

Posted in GST | 3942 Views

CBDT Grants Form 60 Exemption for Non-Resident Individuals and Foreign Firms in India

12 October 2023 at 09:02

The Income-tax (Twenty-fourth Amendment) Rules, 2023 were notified on October 10, 2023, by the Central Board of Direct Taxes (CBDT).

Posted in Income Tax | 7305 Views

Star Health and Allied Insurance Faces Rs 39 Crore GST Notice

11 October 2023 at 08:37

Star Health and Allied Insurance Company found itself in the spotlight as it received a significant notice from the Directorate General of GST Intelligence (DGGI) concerning a tax liability amounting to ₹38.99 crore.

Posted in GST | 3090 Views

GST Council to Address ITC Issue for Life Insurers, Easing LIC's Rs 290 Crore Demand

11 October 2023 at 08:36

In a recent development, the GST Council is gearing up to provide much-needed clarity on the input tax credit for life insurers, particularly in the context of a substantial demand of Rs 290 crore made on the Life Insurance Corporation (LIC).

Posted in GST | 3306 Views